The bullish DailyPlay we chose for Wednesday March 16th is Bank of Nova Scotia (BNS). BNS is part of the Financial Sector (XLF). Over the last month, XLI has experienced a 9.37% move higher and it’s 1m trends turned bullish on 3/02 and just broke above its $21.50 resistance level.
Bank of Nova Scotia’s 1m and 6m trends turned bullish on 3/03 and recently broke above its $42 resistance level on high volume. With a technical score of 8 (out of 10), BNS looks positioned to continue this strong bullish trend higher.